The Missouri commercial lease is a formal agreement between a commercial property owner and a tenant who wants to use the property for business purposes. The property owner will have an agent to negotiate the lease terms with the tenant.
The potential tenant may want a complete inspection of the premises and the nearby areas to ensure that they start their business without disrupting any codes or regulations.
The Missouri commercial lease outlines all terms and conditions of the rental agreement, such as lease duration, rent amount, subleasing, security deposit, etc. Commercial lease terms tend to be five or even ten years. The lease agreement becomes enforceable by law after both parties sign it.
Missouri Commercial Lease and Rental Laws
Commercial property landlords, managers, and potential tenants must understand the landlord-tenant laws related to Missouri to prevent legal problems in the future. The US State does not have a codified act or rules that outline how commercial landlords and tenants must communicate with one another.
However, a few statutes exist in the Missouri state laws that outline the issues between tenants and landlords. Parties interested in signing the Missouri commercial lease agreement must analyze the statutes properly before signing a deal to avoid future disputes.
Landlords have to include a breakdown of the expenses of utilities and services in the agreement. This is because the tenant needs to know about additional costs of services like trash removal, water, sewage, phone, and internet.
In Missouri, the cost of the security deposit is limited to two months' worth of rent. Moreover, a landlord should keep a separate bank account for security deposits as the amount should not be combined with other funds.
Key Terms Related to Missouri Commercial Lease
Here is a list of key terms related to the Missouri commercial lease:
- Additional Rent: It results from multiple lease provisions that enable an increase in fixed expenses, such as insurance and taxes.
- Lease Term: It obligates the tenant to pay a few more expenses in addition to the periodic rent.
- Area Amenities: The amenities within the neighborhood or a geographic area that surrounds a particular building.
- Attributable Cost: It is a directly associated cost related to a particular project or program.
- Base Year: It is the term used to calculate the base of operating expenses over which a potential tenant is expected to pay the specified proportionate share.
- Broker’s Opinion of Value (BOV) : It is a written statement about the value of a specific property.
- Certificate of Insurance: It is the written verification of terms, types, and amounts of insurance in the insured individual’s name.
- Certificate of Occupancy: It is issued by the local government that authorizes the occupancy of a particular space that meets building code requirements.
- Chargeback: It is the cost of department services, materials, or products that get levied from the end user space.
- Double-Net Lease: It is an agreement where the rent payments cover multiple building net insurance premiums.
Due to the complexity of a commercial lease, it is better to get your commercial lease agreement reviewed professionally to ensure nothing is missed out ahead of a deal.
If you are looking for professional help to draft or review your commercial lease, ContractsCounsel is your answer. Post a project, state your requirement, and get the best legal assistance from our experts.
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Meet some of our Missouri Commercial Lease Lawyers
Mark P.
www.parachinilaw.com I represent a diverse mix in a vast array of specialties, including litigation, contracts, compliance, business and financial strategies, and emerging industries. Credit for this foundation of strength goes to those who taught me. Skilled professors and professionals fostered my powerful educational and professional background. Prior to law school, I earned dual Bachelor’s degrees in Business Administration & Accounting from Peru State College. I received a Master of Business Administration degree from Chadron State College. My ambitions did not stop there. While working full time as a Senior Accountant for the University of Missouri, Columbia, I achieved the lifelong goal of becoming a licensed Certified Public Accountant (CPA). Mizzo provided excellent opportunities and amazing experiences. Managing over $50M in government and private research funding was a gift. As a high ranking professional in the Department of Research, I was given priceless insight into the greatest scientific, journalistic, medical, and legal minds in the world. My passion for successful growth did not, and has not stopped. I graduated summa cum laude (top 3%) with a Doctorate in Law, emphasizing in urban, land use and environmental/toxic tort law from the University of Missouri, Kansas City. This success lead to invaluable experiences of serving as Hon. Brian C. Wimes' judicial clerk for the U.S. District Court for the W. D. of Missouri, as a staff editor/writer for UMKC Law Review, and as a litigation and transactional attorney with Lathrop GPM (fka Lathrop & Gage). My professional and personal network is expansive, with established relationships throughout the U.S. and overseas. Although I engage in legal practice all over the country, I maintain law licenses in Missouri, Kansas, and Nebraska. Federally, I hold licenses in the W.D. and E.D. of Missouri and the District of Nebraska. To offer extra value, efficiency, and options, I maintain a CPA license and am obtaining a real-estate brokerage license.
Alan B.
At Barker Law, we provide clients with expertise in contract drafting and review, outside general counsel services, negotiation, commercial litigation, and regulatory navigation. We confidently handle transactional and regulatory matters for businesses and individuals. As our feedback shows, we excel at meeting and exceeding our clients needs.
Rachel C.
Contract attorney who enjoys empowering individuals and businesses with contracts that stand as a fortress against potential disputes and uncertainties. Find peace of mind with prepared agreements ensure that your agreements are enforceable and aligned with your long-term objectives.
August 2, 2023
Scott M.
Skilled/versatile attorney (and RE broker) with 10+ years' experience and diverse background in real estate, business law, injury litigation, estate planning. Select Experience: • Former General Counsel (and current Of Counsel) for a prominent real estate developer touching on all aspects of business in a hands-on and advisory role, including Lease and PSA contract negotiations; • Years of successful injury litigation practice as associate and solo (primarily plaintiff, some defense) with multiple six-figure settlements; • Years of expertise in business law for a variety of industries as well as estate planning for small to mid-size entities.
July 26, 2023
Michael S.
Born and raised in St. Louis, MO. Bachelors Degree from the University of Iowa. Masters Degree from the University of Melbourne. J.D. from the University of Kansas. Licensed to practice law in Missouri and Kansas. Tennessee currently pending.
September 6, 2023
Andre T.
Commercial Litigation attorney providing advice and counsel to management regarding employment related matters and risk management issues
January 28, 2024
Jonathan F.
Trial and transactional attorney with over 30 years experience with complex business transactions and disputes.
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Browse Lawyers NowCommercial Real Estate
Commercial Lease
Massachusetts
Can the tenant assign the lease to another business?
I am a business owner who recently signed a commercial lease for a retail space. I was recently approached by another business who is interested in taking over my lease, and I am wondering if I am able to assign the lease to them. I am looking to understand the legal implications of assigning the lease, as well as any other requirements or restrictions I should be aware of.
Joseph M.
In Massachusetts, a commercial tenant can assign or sublet the unit to a third party - UNLESS there is a specific prohibition in the current lease. However, even if there is such a prohibition, it might still be worth speaking to the landlord about since it might be mutually beneficial.
Landlord
Commercial Lease
Ohio
Can the rent be increased during the lease term?
I am an entrepreneur who is looking to rent a commercial space for my business. I recently found a space that fits my needs and the landlord is offering a lease agreement. I am wondering if the rent can be increased during the lease term, as this could have a significant impact on my business. I understand that the lease agreement may contain provisions that allow for rent increases, but I would like to confirm this before signing the agreement.
Jeffrey K.
The lease agreement should specifically provide when and in what amount any rent increases would occur. Usually on a lease with a five year term, rent would increase yearly. If you have a build out credit, you may have free rent for a term if you pay for the build out. If it is a net lease, meaning you pay rent and, either taxes, insurance and/or common area maintenance, you would have a base rent plus the other fees that could increase during the initial lease term usually yearly, but it could be more than one time a year if the costs of these items increase. The rent would also likely increase yearly. If the lease is a gross lease, you will have one monthly rental payment that would increase (most likely) yearly.
Commercial Real Estate
Commercial Lease
Massachusetts
Can the tenant sublease the property to another business?
I am a business owner and I am looking to rent a commercial space for my business. I am considering signing a commercial lease with the landlord, but I am concerned about my ability to sublease the property to another business. I am trying to determine whether this is an option that is available to me and what the implications would be.
Joseph M.
In Massachusetts, a commercial tenant can sublet or even fully assign the unit to a third party - UNLESS there is a specific prohibition in the current lease. However, even if there is such a prohibition, it might still be worth speaking to the landlord about since it might be mutually beneficial.
Commercial Real Estate
Commercial Lease
California
What is a commercial lease agreement and how does it work?
I am a business owner interested in renting a commercial space for my business. I am trying to understand the details of a commercial lease agreement and how it works so I can make an informed decision about whether or not to sign a lease. I am looking for information about the terms, conditions, and other relevant details that could affect my business.
MICHAEL B.
A commercial lease agreement sets out the parameters of the space to be leased, including a description of the premises, an allocation of responsibilities for janitorial services, electrical services, tenant improvements, insurance requirements, payment of rent and payment of common area expenses, parking for employees and visitors, telephone and telecommunication services and many other issues.
Real Estate
Commercial Lease
Florida
Need flat rate to do sub lease Kiosk at mall in Miami
Renting Kiosk as a sub leaser, need to verify contract and seeking a Flat rate.
Moss S.
I have been a commercial real estate attorney for over 30 years. I can review the agreement, and negotiate and draft any revisions. Considering it is in a mall, I am guessing that it is with a major retail landlord which would require review of the underlying lease. I can give you a flat rate once you request a proposal.
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Service: Contract Review
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